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Detailed text transcripts for TV channel - MSNBC - 20130106:13:25:00

policy and even with the flood insurance program, one of the things is that the only team you have a mandatory purchase requirement is if you re in the 100-year flood plain. explain that steps. exactly. it doesn t mean it floods once every 100 years. i had means there s a 1% chance every year that you will flood. that means in a 30-year mortgage you ll flood at least once. so what we found is that that is dumbed-down our nation s flood control policy because in a lot of places in the country and i m not necessarily saying in your town but in a lot of places in the country it s get 100-year protection and you re perfectly fine and you don t have to buy flood insurance but there s a 200-year event which has a half percent chance of happening refry year. nd the point is those are moving figures so what a storm 100 years from now is different than what it is. somebody is upstream from you you re now much more likely to

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